Distressed Flint Properties

Distressed Properties Located in Flint Michigan With Great Cash Flows Is Being Auctioned on EBay for $35k

The bundle of properties includes: 10 units consisting of 4 duplexes, and 2 single-family units in Flint Michigan. The seller is also including a ¼ acre land lot in the Pocono’s in Pennsylvania.
The starting bid is an incredible $35k for the bundle.

Flint, MI -- (SBWIRE) -- 06/04/2012 -- A real estate investor located in Flint Michigan is unloading a bundle of properties on Ebay for an incredible low starting bid price of $35,000. The seller is offering no financing, no land contracts, and no rent to own. This is strictly a Cash Only Deal. The Properties will be sold on a Quit Claim Deed. The preferred payment methods are cash, bank wire transfer, or certified bank check. Starting Bid for all properties with no reserve is $35,000.

The units can be unbundled and bidders may purchase 1 Duplex alone for the price of $9,000, or purchase a single-family house alone for $6000. If buyers compare they will see how reasonable these properties are priced. The owner reports that there is a local property manager who collects rents and rents the properties making this a turnkey operation for an out of town investor. Incredibly, the owner is throwing in a lot located in the Pocono Mountains in Pennsylvania, which would make a great location for a retirement home or vacation retreat.